451 CAOS Theory 
A blog for the enterprise open source community
VC funding for open source in Q3
Matthew Aslett, October 2, 2009 @ 4:45 am ETVenture capital funding for open source vendors fell 31% in the third quarter compared to the same period last year, as was to be expected in the ongoing economic climate, but was up compared to the previous quarter.
According to our preliminary figures, there were 13 announced funding deals in the third quarter of 2009 worth $99.9m, compared to 16 in the third quarter of 2008, worth $144.8m.
All 13 deals announced in the third quarter of 2009 had a disclosed size, resulting in an average deal size of $7.7m. In the same quarter of 2008 there were 15 deals with a disclosed size and an average deal size of $9.7m.
(For more on the history and future of venture capital investment in open source vendors, see our recent CAOS report, and look out for a follow-up report in 2010).
The one early stage deals disclosed in the first quarter was Jolicloud’s $4.2m series A, while Gear6 raised $4m following its evolution from a storage caching vendor to a Memcached support and product provider.
Later stage deals included $17.4m series B for Borqs, Medsphere’s $12m series D and Acquia’s $8m series B.
Categories: Funding
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[...] capital funding was invested in 680 deals in Q3, giving an average deal size of just under $9m. Our figures for open source-related vendors showed an average deal size of $7.7m in [...]